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New Jersey’s Division of Gaming Enforcement has published the latest financial results for the month of October. It reveals clear trends. Online casinos are increasing their revenues, while land-based casinos remain steady.
There has been a 30 per cent rise of online casinos’ revenues year on year. The total revenue rose to $26.8m.
The state’s overall online gaming revenue for the year till October reached $242.7m. The Golden Nugget led the revenue march, posting a 57.6 per cent rise to touch a revenue figure of $9.6m, ahead of which generated a revenue of $4.3m.
New entrants Hard Rock and Ocean Resort fared assuredly. Hard Rock posted $1m online revenue, while Ocean Resort amassed $595,293.
The land-based casinos in the state could not match their online counterparts in October in terms of revenue rise. The land-based casinos registered an 8 per cent growth to touch a monthly revenue of $200m.
The revenues of some of the major casinos, Harrah’s, Caesars, Hard Rock Hotel Casino and Ocean Resort, dropped. Another premier casino, Tropicana, registered a rise in revenue.
Borgata remained the market leader with $50.7m, in spite of an 8.1 per cent dip in revenue year on year.
Source: Latest News on European Gaming Media Network
